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STO Chairman Amir Mansoor Hits Out at Government’s New Foreign Exchange Rule

STO Chairman Amir Mansoor criticised the government's new foreign exchange rule, saying he is "not doing business to pay off the government's political loans" and that businesses get "zero" in return. The Maldives Monetary Authority regulation, introduced on 1 October, requires resorts to exchange at least US$500 per guest into Maldivian Rufiyaa and has drawn fierce backlash, with over 50 resorts refusing to comply.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures3as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

What happened

in order; days are read from the reports' words and dates
  1. Tue 1 Oct
    The Maldives Monetary Authority regulation requiring resorts to exchange at least US$500 per guest into Maldivian Rufiyaa was introduced. on 1 October only Maldives Republic The rule, introduced on 1 October, has faced fierce backlash, with over 50 resorts refusing to comply.

    Word for word from the report in Maldives Republic. Open the report

Who said what

the reports' own quoted words, each once

How the reporting differs

one source so far
Maldives RepublicNews outlet

STO Chairman Amir Mansoor Hits Out at Government’s New Foreign Exchange Rule

at least US$500 per guest Minimum foreign currency each guest must be exchanged into Maldivian Rufiyaa by resorts

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • at least US$500 per guest Minimum foreign currency each guest must be exchanged into Maldivian Rufiyaa by resorts Maldives Republic the Maldives Monetary Authority’s (MMA) regulation, which mandates that resorts exchange at least US$500 per guest into Maldivian Rufiyaa (MVR)

    Word for word from the report in Maldives Republic. Open the report

  • over 50 Resorts refusing to comply with the regulation Maldives Republic The rule, introduced on 1 October, has faced fierce backlash, with over 50 resorts refusing to comply.

    Word for word from the report in Maldives Republic. Open the report

  • 37-year-old Age of the foreign exchange policy being ended Maldives Republic The regulation aims to channel foreign currency earnings into Maldivian banks, ending a 37-year-old foreign exchange policy.

    Word for word from the report in Maldives Republic. Open the report

Subjects

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Named in these reports

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